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Caribou Coffee history
Caribou Coffee company history timeline
Four Caribou Coffee shops marketed espresso drinks, baked goods, coffee beans, and branded merchandise as a new round of financing was put in motion in September 1993.
The specialty coffee industry's annual sales were about $780 million in 1993.
As expected, Starbucks came on the scene and opened shops in downtown Minneapolis in March 1994, providing competition for Caribou but also upping interest in specialty coffee.
A fourth self-managed private placement brought in $7.3 million in the spring of 1994.
Twenty-five store openings pushed the count to 89 by the beginning of 1997.
Caribou began test marketing bags of coffee beans in 20 Target stores across the country in July 1998 and then in all Target stores during the holiday season.
Growth scheduled for 1999 was to be funded internally, but Willoughby had his eye toward that long-promised public offering as a vehicle to move Caribou to the next level.
A. Benckiser Group also bought out Peet’s Coffee and Tea in 2012, buying that company for about $1 billion.
Minneapolis Minnesota US Bank Stadium built in December 3, 2013
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Caribou Coffee competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Argo Tea | 2003 | $19.7M | 250 | - |
| Bruegger's Bagels | 1983 | $130.0M | 2,400 | 63 |
| Noodles & Company | 1995 | $493.3M | 7,001 | 1,258 |
| Panera Bread | 1981 | $2.8B | 140,000 | 4,308 |
| The Coffee Bean & Tea Leaf | 1963 | $500.0M | 12,000 | 146 |
| Darden Restaurants | 1968 | $11.4B | 175,000 | 4,234 |
| BIGGBY COFFEE | 1995 | $12.0M | 175 | 20 |
| Peet's Coffee | 1966 | $983.0M | 5,000 | 155 |
| It's A Grind Coffee House | 1994 | - | 720 | - |
| Dutch Bros Coffee | 1992 | $1.3B | 16,500 | 158 |
Caribou Coffee history FAQs
Zippia gives an in-depth look into the details of Caribou Coffee, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Caribou Coffee. The employee data is based on information from people who have self-reported their past or current employments at Caribou Coffee. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Caribou Coffee. The data presented on this page does not represent the view of Caribou Coffee and its employees or that of Zippia.
Caribou Coffee may also be known as or be related to Caribou Coffee, Caribou Coffee Company Inc and Caribou Coffee Company, Inc.